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Current farm policy is institutionalized penalization of [#permalink]
30 May 2009, 20:05

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Current farm policy is institutionalized penalization of consumers. It increases food prices for middle- and low-income families and costs the taxpayer billions of dollars a year.Which of the following statements, if true, would provide support for the author’s claims above?I. Farm subsidies amount to roughly $20 billion a year in federal payouts and $12 billion more in higher food prices.II. According to a study by the Department of Agriculture, each $1 of benefits provided to farmers for ethanol production costs consumers and taxpayers $4.III. The average full-time farmers have an average net worth of over $300,000.(A) I only(B) II only(C) III only(D) I and II only(E) I, II, and III